HELP: TRADING, PROFIT AND LOSS

HELP: TRADING, PROFIT AND LOSS ACCOUNT


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Joined
Jul 2, 2015
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Mexico
Hi! I'm a young student who requires knowledge on the T,P,L account which i'm struggling with.
On our upcoming exam, we were told that it'll be showing up.. and the teacher said that in T,P,L
we were to remember this Format to help us:

-Opening Capital
-Capital Contributions
-Drawings
-Closing Capital
-Sales
-Cost of Goods Sold
-Operating Expenses
-Net Profit/ (Loss)


Now that i have the format, I'm unsure on HOW to calculate it. Please do help!

Thank you xx
 
Joined
Jul 21, 2015
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Bangladesh
Closing Capita = Opening Capital + Capital Contributions - Drawings
Net Profit/ (Loss) = Sales - Cost of Goods Sold - Operating Expenses
 

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